First Hawaiian, Inc. (NASDAQ:FHB) Receives $29.25 Consensus PT from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHBGet Free Report) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.25.

A number of brokerages recently weighed in on FHB. Weiss Ratings reiterated a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. Barclays lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. The Goldman Sachs Group upped their target price on shares of First Hawaiian from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, July 7th. Stephens set a $28.00 target price on First Hawaiian in a report on Monday, April 27th. Finally, Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Read Our Latest Research Report on First Hawaiian

Institutional Trading of First Hawaiian

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its position in shares of First Hawaiian by 378.5% in the second quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock valued at $27,000 after purchasing an additional 738 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in First Hawaiian in the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Hawaiian by 2,916.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,050 shares during the period. Global Retirement Partners LLC raised its position in First Hawaiian by 45.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after purchasing an additional 534 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of First Hawaiian during the 4th quarter valued at about $46,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Trading Down 0.6%

Shares of NASDAQ:FHB opened at $28.65 on Friday. First Hawaiian has a twelve month low of $22.65 and a twelve month high of $30.58. The company has a market capitalization of $3.49 billion, a PE ratio of 12.57, a P/E/G ratio of 1.57 and a beta of 0.72. The firm has a 50 day simple moving average of $28.34 and a 200-day simple moving average of $26.84.

First Hawaiian (NASDAQ:FHBGet Free Report) last released its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, equities research analysts predict that First Hawaiian will post 2.38 EPS for the current fiscal year.

About First Hawaiian

(Get Free Report)

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.

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Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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